Monday, May 7, 2018

CryptoCurrency News: Circle Adds Monero to Crypto Investment App

A week after adding zcash, Circle's trading platform Invest is adding monero.

via CoinDesk

CryptoCurrency News: What to Expect When Congress Talks Blockchain Tomorrow

Tuesday's blockchain hearing will specifically look at the technology's applications in supply chain management.

via CoinDesk

CryptoCurrency News: Microsoft Unveils New Blockchain Tools for Azure

Microsoft announced a new "scaffolding" toolkit through its Azure Blockchain Workbench, which can help developers quickly build applications.

via CoinDesk

CryptoCurrency News: Thailand's Top Exchange Plans Blockchain Funding Market

The Stock Exchange of Thailand unveiled a crowdfunding platform built on blockchain technology to widen the access to capital funds for startups.

via CoinDesk

CryptoCurrency News: 3D Printing Could Be Blockchain's True Game-Changer

Combined with other emerging tech, blockchain could enable a new paradigm of decentralized, on-demand production and realign global economic power.

via CoinDesk

CryptoCurrency News: New Korean Financial Watchdog Chief Takes Softer Tone on Cryptos

The incoming head of a South Korean financial regulator has noted the "positive aspects" of cryptocurrencies.

via CoinDesk

CryptoCurrency News: Bitcoin Looks for Price Support After Failed $10K Crossover

Bitcoin is reporting losses today but only a break below $8,650 would signal a bull-to-bear trend change.

via CoinDesk

CryptoCurrency News: Billionaire Warren Buffett Calls Bitcoin 'Rat Poison Squared'

U.S. billionaire Warren Buffett has again hit out at bitcoin, this time comparing it with rat poison

via CoinDesk

CryptoCurrency News: Startup That Puts Academic Diplomas On the Blockchain Raises $3 Million

MIT-linked startup Learning Machines has secured $3 million in seed funding to put digital diplomas on the blockchain.

via CoinDesk

CryptoCurrency News: NBA Superstar Steph Curry Is Now the First Celebrity CryptoKitty

NBA star Stephen Curry is launching the first celebrity-branded CryptoKitty, with two more on the way.

via CoinDesk

[FOREX NEWS] No breathing room for EUR/USD as weak data keeps pouring in

The EUR/USD starts the new week with new falls amid weak euro-zone figures. After a not-so-great US Non-Farm Payrolls report, the Dollar bulls may be losing steam. The technical picture remains bearish with a touch of oversold conditions. The EUR/USD started the first full week of May by resuming its falls, trading around $1.1930. While [...]

The post No breathing room for EUR/USD as weak data keeps pouring in appeared first on Forex Crunch.

via Forex Crunch

CryptoCurrency News: The Age of Endless Blockchain Forks Is Coming to an End

Real-world assets will force a change in blockchain governance, writes EY's Paul Brody. Forks will still be possible, but will attract fewer users.

via CoinDesk

[FOREX TIP] USDJPY Price Action Analysis – 7th May 2018

USDJPY has been on a strong Buy trend on the Daily chart. The price seems to have made a little correction as well. The last Friday’s candle came out as a Pinbar. This means as far as the Daily chart is concerned, the price might head towards the North again. If we flip over to the H4 chart, we see that the price has formed a Double Bottom. Then, the price has been Bullish and trying to make a breakout towards the upside. If the breakout happens and a full wave correction takes place, then we might get an opportunity to go long on the pair and make some green pips later today. Let us have a look at the H4 USDJPY chart.

USDJPY Price Action Analysis – 7th May 2018

As we see on the H4 chart, the level of 108.755 has been working as the level of Support of a Double Bottom. If the level of 109.210 gets broken by the current H4 candle and it produces an H1 Bullish Engulfing Candle to finish off the corrective H4 candle, then the price would reach 110.000 without having that many pauses. Let us have a look at the summary of the trade…

  • Buy Limit Order: 109.210
  • Stop loss:  108.755
  • Take Profit: 110.000
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

None of the currency of this pair has any high impact news event today. Thus, if the signal comes after the corrective H4 candle, we do not need to worry about anything. Let us wait and see whether the breakout and proper correction take place or not.

The post USDJPY Price Action Analysis – 7th May 2018 appeared first on Advanced Forex Strategies.

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